How many Exit franchises in Maryland ceased operations for other reasons in 2023?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Nonrenewals | Reacquired by Subfranchisor | Ceased Operations – Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| 2023 | 16 | 4 | 1 | 0 | 0 | 0 | 19 | |
| 2024 | 19 | 6 | 5 | 1 | 1 | 0 | 18 | |
| Louisiana | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| 2024 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| Maine | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2023 | 3 | 0 | 0 | 1 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Maryland | 2022 | 35 | 0 | 0 | 1 | 0 | 0 | 34 |
| 2023 | 34 | 0 | 1 | 1 | 0 | 1 | 31 | |
| 2024 | 31 | 1 | 2 | 4 | 6 | 0 | 20 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 31–42)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, in 2023, one Exit franchise in Maryland ceased operations for reasons other than terminations, non-renewals, or reacquisition by a subfranchisor.
This data point is crucial for prospective franchisees as it offers insight into the stability and potential risks associated with operating an Exit franchise in Maryland. "Ceased Operations – Other Reasons" can encompass a variety of factors, such as failure to meet performance standards, disputes between partners, or other unforeseen circumstances that lead to closure.
Understanding the reasons behind such closures can help potential franchisees assess the challenges and opportunities in the Maryland market. It's important to note that while one franchise closed for 'other reasons,' this does not necessarily indicate a systemic issue, but it warrants further investigation and discussion with Exit to understand the specific circumstances and how they might be mitigated in the future. Prospective franchisees should inquire about the support and resources Exit provides to help franchisees avoid such outcomes.